Public to Private Takeovers

• Very knowledgeable trainer with over 20 years of corporate finance experience
• The trainer has advised on both recommended and hostile UK public takeovers
• Advanced course covering key rules, tactics and strategy, including contested takeover strategies
• The course contains many PTP takeover examples and case studies

• Examine how the UK Takeover Code rules govern the way a UK PTP takeover is conducted, starting when active consideration is given to the takeover and the target is approached and continuing through the negotiations to the structure and execution of the takeover
• Look at when announcements are required to be made or may be made tactically and the contents of those announcements
• In particular, look at the need for certain funds and the disclosure of bid financing
• Consider the Code requirements for management incentivisation packages and the need for discussions with pension fund trustees
• Understand the advantages and disadvantages for PTPs of the scheme of arrangement structures and their timetables
• See how PTP target companies respond to bid approaches

Experience

The trainer is a UK corporate finance adviser with broad experience in UK equity market regulation. Following a career in the City advising major European companies, for over 10 years now, he has been presenting corporate finance training courses on takeovers, London listings and the FCA's market abuse and transparency regulation, as well as providing independent corporate finance advice and assistance to clients and professional firms.

After graduating in modern languages from Downing College, Cambridge, he qualified as a chartered accountant with Price Waterhouse.

He then spent three and a half years working at S. G. Warburg advising on a wide range of corporate finance transactions before joining Paribas in London, where he spent the next fourteen years, becoming a director and head of cross-border corporate finance. Following this, he spent two years in the London office of Mazars, where he was a partner in charge of international corporate finance.

During this period in the City, he gained extensive corporate finance experience and worked with corporate clients from many countries, in particular from the UK and France: he is fluent in French and spent two years working in the head office of Paribas Paris. He has advised on a wide range of complex UK transactions, both medium-sized and large, including public takeovers, restructurings, privatisations, private acquisitions and sales, listings and equity and equity linked issues.

During the last ten years, he has produced and delivered many corporate finance training courses, in particular specialising in the development of the Takeover Code and takeover tactics and stock market regulation for companies quoted in the UK, including the Listing Rules, the Disclosure and Transparency Rules and the Prospectus Rules.

Previous Deals

The trainer has advised on a wide range of complex transactions, both medium-sized and large. These have included the public takeover bid by Lafarge SA for Blue Circle plc and by Infogrames SA for Gremlin plc, the restructuring of Eurotunnel plc and SA, and the privatisation of British Telecom, as well as private acquisitions and sales, UK listing and equity issues.

Training Style

The trainer draws on his extensive technical knowledge and illustrates subjects with relevant examples from his own experience and other recent transactions.

He encourages interactive discussion and welcomes questions from delegates as well posing them himself in order to ensure that points have been fully understood.

This trainer also presents the following courses: Advanced Takeover Code; Introduction to The Takeover Code; Introduction to the FCA Listing, Disclosure and Transparency and Prospectus Rules; and as an in-house only course, Secondary Equity Offerings.